Now that we're at the beginning of a new presidential term, we should expect below-average returns for the stock market - right? Mark Hulbert discusses on Markets Hub. Photo: Reuters.

This transcript has been automatically generated and may not be 100% accurate.

... I ... see the Dow Jones ... elaborate granddad the index is down two points ... he moved it was all about it he pointed to the highest number at any of the services index ... came in a little stronger than expected ... now coming down a little bit of the game is rigged the market of all I'm so ... it's a lot of back and forth ... but you might be thinking I love the election's over ... all that uncertainty is that the way the first ever presidential with the new presidential term ... easy pickings for the stock market ... not quite so easy ... MarketWatch's Mark Hulbert is here to talk about this one ... I'll mark a break it down for us ... we get a contract with America the stock market got there in the second half of recruitment firm that right after elected him ... president of either party at the paper to record the net and that meant that there is huge ... if the economy the firm or whatever ... that that that the company like about the election before ... that they can be what you think that they would like ... to do ... average per year ... or two and went back to the data ... that would lead ... to the ... tothe which ... he rates the investigators have ... reported that in fact a lot of evidence that the first year of returning ... slightly below average ... it felt like that ... you can even think that the impeccable to ... throw ... the league ... the stock market but ... well below average ... for now ... all the harder for investors you think ya'll can we know what's going to happen it's easy grandmother MLS ... but it's not that easy and ... this year I mean that the fiscal cliff everything on so all I've gone on down Washington ... is probably even going to be a more volatile year the norm ... the volatility in the third year in ... the early part of it from the third ... quarter of the word here you go back to one hundred years ... that they were here ... the entire ... four-year term in ... the quarter with ... we can so ... I think one thing you can expect a lot of volatility in ... you mention of the perk of working and he doesn't want them ... all that was him called the the the the but before that ... the focus on bringing our planet in fact in order to get something that is relatively typical ... the first day due to the presidential propaganda garner the party that weekend ... the fact that prior to the election I think that the defendant ... ought to keep the boat ride ... from them ... actor ... sch ... well ... watch a few of the return since nineteen forty which you have in your column ... you point out that the third year the return is about sixty percent that's the best here ... if I wanted to be super clever ... cut his staff the market for two years in bonds day and then jump in the third year get my sixteen percent and all my merry way ... there are those who can recommend something like that that that that that that that that ... that that that I'm that you wanna come up with an electric bike up in the third year in which it has ... only been a very good year for the market I don't think it's ever been a year ... in the third year of any president from ... nineteen forty ... years the the the the the the the the the the the what the average of one robot ... the problem with that that if you recommend right now ... there are ... I recommend going to ... get that on ... the back of the heart beat up a good long-term value at the ... end of ... next year ... the marketers of the stuff ... I get stressed or the cash if you live on you that ... the Arctic National ... for the first one or more ... Mark Hulbert Stocks to appreciate the time